Stern Partners wraps up buy of KarpReilly-backed retailer Comark
Canadian private equity firm Stern Partners has closed its previously-announced acquisition of Comark Inc, a specialty fashion retailer serving customers under the Ricki's, Bootlegger and Cleo banners. No financial terms were disclosed. As a result of the deal, Comark's retail banners will carry on business as separate affiliates of Stern Partners. As reported by peHUB Canada in July, Mississauga, Ontario-based Comark, formerly a portfolio company of U.S. private equity firm KarpReilly, obtained creditor protection earlier in 2015. Stern Partners confirmed that a portion of the transaction's proceeds will be used to repay Comark's secured lender, Salus Capital Partners.
26 August 2015•4 mins read
